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NotSoSmartTrader
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The crypto market is a wild ride. One minute you're feeling euphoric about a pump, the next you're panicking about a dip. I definitely let my emotions get the better of me sometimes. Anyone else struggle with FOMO or FUD? How do you manage your emotions when trading? Let's share some strategies (and maybe some memes to lighten the mood). #CryptoEmotions #FOMOisReal #FUD #BinanceSquare
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Beware the coins that have a fake rise. They'll make you lots of money, but if you're not careful enough, you might lose them all + your original investment. Try to be as logical as possible. When the whole market is down and a coin is rising rapidly for no specific reason, then that's a fake rise. Make your money, take it, and stop. Taking a Short position is also logical in this scenario. Always remember, trading is a psychological game. This is not financial advice.
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Don't forget, the market is not always as it seems. BTC dumped to 58K and now bumped back to 61K. This might be the start of the bullish trend, or you're just being manipulated by whales. You choose. This is not financial advice.
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The worst thing you can do as a trader is to strive for perfection. More often than not, perfection is way more far than you think. As trading is never perfect, its a profession that can be bothered by many factors. Get your profits and close. Don't become greedy, you'll more than likely to end up with a big loss. This is not financial advice.
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